RE:Termination Extension AnnouncementHi Morrissan,
1. The preferred share dividend is likely to rise to at least 7% given the current interest rate climate. This will have a slightly detrimental effect on the Class A Shares on a monthly basis since more of the NAV will be paid out to preferreds.
2. The NAV will depend upon the performance of the portfolio from now till November 29th. The redemption date is still very far away, and there's so much that can happen.
Morrisan wrote: As followers of DF, can someone help me understand yesterday's announcement, specifically:
1) a possible change in pref shares dividend. If that were to go up, class A would be affected?
2) the special retraction right offering price based on Nov 29 NAV. What would that look like?